Perm is the administrative centre of the Perm krai.
In 1720 Peter the Great ordered a search for a suitable location for a copper and silver smelting plant in the Siberian province. The start of construction of the Yegoshikhinsky Copper Smelting Plant on May 4, 1723 is considered to be the day when Perm was founded.
Perm is a large multisectoral centre for industry, research, culture, and logistics. The city's economy is primarily defined by the well-developed heavy industry sector. The leading sectors are electrical power engineering, oil and gas processing, machine building, chemistry and petrochemistry as well as timber processing, printing and publishing, and food industry.
Retail sales volume in 2008 amounted to 203 billion roubles. Several international retail chains are operating in Perm alongside with dozens of large commercial stores and shopping and entertainment centres.
The geographic location of Perm is particularly favourable as the city is located in the centre of Russia at the crossroads of the Europe - Asia railway line. Numerous passenger and freight trains pass through the city linking the western regions of Russia with the Urals, Siberia, and the Far East.
Culture and Education
Perm has 13 independent higher education establishments and over 40 branches of Moscow and Saint Petersburg based universities. The M. Gorky Perm State University, the Perm State Technical University, and the International Institute of Economics and Law are the best known in Russia and abroad.
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